March 23, 2020
Learn about the program and its reporting, access its data, and find key contacts and related notices.
Announcement: The Bankers’ Acceptance Purchase Facility (BAPF) is discontinued.
Program details
To support the continuous functioning of financial markets, the Bank of Canada purchases Bankers’ Acceptances (BAs) in the secondary market through the Bankers’ Acceptance Purchase Facility (BAPF). The BA market is one of Canada’s core funding markets and a key source of financing for small- and medium-size corporate borrowers.
Terms and conditions
Primary dealers who want to participate in the BAPF must contact the Bank and provide key contact information. On the day of the operation, dealers must submit their offers between 8:30 (ET) and 9:00 (ET).
For additional operational details, see the full terms and conditions for this program.
Duration
Announcement: BAPF operations will continue until October 26, 2020.
Reporting
The Bank reports its aggregate holdings of Bankers’ Acceptances acquired through the BAPF every Friday on the Bank’s weekly balance sheet. The first results of this program are reported on March 25, 2020.
Key contacts
Director
Financial Markets Department
Bank of Canada
613‑782‑7245
Director
Financial Markets Department
Bank of Canada
613‑782‑7723
Related notices
March 19, 2020
As previously announced, the Bank of Canada (Bank) will conduct the first operation under the Banker’s Acceptance Purchase Facility (BAPF) on Monday, March 23, 2020. The operational details have been adjusted based on market conditions to the following
Revised operational details for the first Banker’s Acceptance Purchase Facility operation
Content Type(s):
Press,
Market notices
Source(s):
Bankers’ Acceptance Purchase Facility
March 17, 2020
As previously announced, the Bank of Canada (Bank) will conduct secondary market purchases of 1-month Bankers’ Acceptances issued and guaranteed by any Canadian bank and of sufficiently high quality, broadly equivalent to a minimum short-term credit rating of R-1 (low), under the Bankers’ Acceptance Purchase Facility (BAPF).
Operational details on the Bank of Canada’s Bankers' Acceptance Purchase Facility
Content Type(s):
Press,
Market notices
Source(s):
Bankers’ Acceptance Purchase Facility
March 13, 2020
In order to support the continuous functioning of financial markets, the Bank of Canada (Bank) is announcing its intention to launch the Bankers’ Acceptance Purchase Facility (BAPF).
Bank of Canada’s Intention to Introduce a Bankers’ Acceptance Purchase Facility
Content Type(s):
Press,
Market notices
Source(s):
Bankers’ Acceptance Purchase Facility